BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
May 3, 2024
Mongoose Launches National Partnership with DICK’S Sporting Goods
Madison, Wis. (May 2, 2024)/ENDURANCE SPORTSWIRE/ – Mongoose, the pioneering off-road bike brand founded in 1974, today announces a new partnership with DICK’S Sporting Goods (NYSE: DKS) to offer Mongoose bikes in over 650 storefronts nationwide as well as online at dicks.com. Available now, the assortment includes a complete range of mountain,...
May 2, 2024
Fox Factory Posts Q1 Loss as Sales Fall in Mid-Teens, Bike Sales Post $65M Decline
Fox Factory Holding Corp. reported a 16.6 percent decrease in net sales for the first quarter to $333.5 million compared to net sales of $399.9 million in the first quarter of fiscal 2023. Aftermarket Applications Group (AAG) net sales declined $36.9 million, or 26.6 percent, year-over-year. The decrease in AAG...
May 2, 2024
Peloton CEO Steps Down; Company Cutting About 400 Jobs
Barry McCarthy is stepping down as Peloton’s CEO, president and Board director. Peloton Board members Karen Boone and Chris Bruzzo will serve as interim Co-CEOs; Jay Hoag will become the chairperson of Peloton’s Board of Directors. Peloton Interactive, Inc. announced that Barry McCarthy is stepping down as president, CEO and Peloton Board director and take...
May 2, 2024
Brooks Achieves Highest Quarterly Results in the Brand’s History in Q1
In the first quarter of 2024, the Seattle-based performance running brand reported a 9 percent year-over-year increase in revenue. This marks the company’s highest quarterly results in the brand’s history, Brooks said in a statement. In an interview with FN, Brooks’ new chief executive officer Dan Sheridan said that North America led...
May 2, 2024
Enabled Tracking to Provide Live GPS Tracking for May 2024 Endurance Events
Front Royal, VA /ENDURANCE SPORTSWIRE/ - Enabled Tracking, the timing and tracking division of Adventure Enablers, is excited to announce its comprehensive live GPS tracking services for a range of endurance events throughout May 2024. Whether you’re racing through rugged trails or conquering multi-day challenges, Enabled Tracking ensures safety, enhances...
May 1, 2024
Amer Sports sells Enve Composites to private investment firm
Enve Composites has been sold by Amer Sports to PV3, a Utah-based private investment firm. Amer Sports’ chief operating officer Michael Hauge Sørensen said: “Enve has gone through major changes in the past years. The brand has positive momentum, and we see that it has good potential. Enve Composites was founded in 2007...
May 1, 2024
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
Wolverine World Wide, Inc. announced that it entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company. Under the first agreement, Vida Shoes International will become the global licensee for Merrell and Saucony kids footwear, with rights to these products in almost all markets...
May 1, 2024
Garmin announces first quarter 2024 results
Schaffhausen, Switzerland / May 1, 2024 /ENDURANCE SPORTSWIRE/ – Garmin® Ltd. (NYSE: GRMN), today announced results for the first quarter ended March 30, 2024. Highlights for first quarter 2024 include: Consolidated revenue of $1.38 billion, a 20% increase compared to the prior year quarter Achieved record first quarter revenue in...
May 1, 2024
The Running Event Teams Up with Obviouslee to Drive Growth and Amplify Industry Leadership
CHARLESTON, S.C. (May 1, 2024) /ENDURANCE SPORTSWIRE/ – Obviouslee, a dynamic, full-service marketing agency renowned for strategic collaborations with innovative brands worldwide, proudly announces being selected by The Running Event (TRE) as its media relations agency of record and creative partner. In addition to driving growth and elevating TRE's position as...
April 30, 2024
Adidas Swings to Q1 Profit as DTC Drives Top-Line Growth
Adidas is reporting that currency-neutral (c-n) revenues increased 8 percent in the first quarter of 2024, compared to the the 2023 first quarter. The better-than-expected performance was said to be driven by the “strong momentum” of the underlying Adidas business, which grew 5 percent in the period. In addition, the...
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